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WEC
White Elm Capital Portfolio holdings
AUM
$118M
1-Year Est. Return
42.18%
This Fund
S&P 500
This Quarter
Est. Return
+11.48%
1 Year Est. Return
+42.18%
3 Year Est. Return
+103.09%
5 Year Est. Return
+136.27%
10 Year Est. Return
–
AUM
$118M
AUM Growth
-$269M
(-70%)
Cap. Flow
-$290M
Cap. Flow
% of AUM
-245.69%
Top 10 Holdings %
Top 10 Hldgs %
60.53%
Holding
32
New
1
Increased
2
Reduced
21
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CoStar Group
CSGP
|
+$1.2M |
| 2 |
Costco
COST
|
+$565K |
| 3 |
Fair Isaac
FICO
|
+$437K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransDigm Group
TDG
|
+$18.8M |
| 2 |
Autodesk
ADSK
|
+$15.4M |
| 3 |
Visa
V
|
+$15.3M |
| 4 |
Palo Alto Networks
PANW
|
+$14.4M |
| 5 |
Vail Resorts
MTN
|
+$13.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.29% |
| 2 | Financials | 32.06% |
| 3 | Consumer Discretionary | 13.27% |
| 4 | Industrials | 12.92% |
| 5 | Energy | 6.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
TransDigm Group
TDG
$67.4B
| $8.9M | 7.56% |
15,900
-34,261
| -68% | -$18.8M |
|
2
Mastercard
MA
$484B
| $8.66M | 7.35% |
29,000
-48,060
| -62% | -$13.6M |
|
|
3
Visa
V
$686B
| $8.06M | 6.84% |
42,900
-85,100
| -66% | -$15.3M |
|
4
Texas Pacific Land
TPL
$28B
| $7.19M | 6.1% |
82,800
-161,109
| -66% | -$11.8M |
|
5
PayPal
PYPL
$50.1B
| $6.79M | 5.76% |
62,800
-104,900
| -63% | -$10.9M |
|
6
ServiceNow
NOW
$108B
| $6.78M | 5.75% |
120,000
-219,500
| -65% | -$11.6M |
|
7
Amazon
AMZN
$2.69T
| $6.47M | 5.49% |
70,000
-128,040
| -65% | -$11.3M |
|
8
Advanced Drainage Systems
WMS
$11B
| $6.33M | 5.37% |
162,900
-256,234
| -61% | -$9.48M |
|
|
9
Autodesk
ADSK
$46B
| $6.31M | 5.36% |
34,400
-95,215
| -73% | -$15.4M |
|
10
Tradeweb Markets
TW
$21.4B
| $5.85M | 4.97% |
126,301
-46,970
| -27% | -$2.03M |
|
11
TransUnion
TRU
$15.2B
| $5.61M | 4.76% |
65,500
-137,123
| -68% | -$11.4M |
|
12
Atlassian
TEAM
$24.5B
| $5.36M | 4.54% |
44,500
-70,462
| -61% | -$8.58M |
|
|
13
Fair Isaac
FICO
$29.3B
| $5.17M | 4.39% |
13,800
+1,300
| +10% | +$437K |
|
14
Adobe
ADBE
$93.3B
| $4.82M | 4.09% |
14,600
-36,800
| -72% | -$10.8M |
|
|
15
Vail Resorts
MTN
$5.21B
| $4.46M | 3.78% |
18,594
-58,662
| -76% | -$13.9M |
|
16
Guidewire Software
GWRE
$12.4B
| $4.07M | 3.46% |
37,100
-91,685
| -71% | -$10.3M |
|
17
Hilton Worldwide
HLT
$73.6B
| $3.58M | 3.04% |
32,300
-49,032
| -60% | -$4.92M |
|
|
BKI
18
DELISTED
Black Knight, Inc. Common Stock
BKI
| $3.47M | 2.94% |
53,800
-177,229
| -77% | -$11M |
|
19
MSCI
MSCI
$45.5B
| $2.81M | 2.39% |
10,900
-12,500
| -53% | -$3.05M |
|
|
20
CoStar Group
CSGP
$12.1B
| $2.21M | 1.88% |
37,000
+20,580
| +125% | +$1.2M |
|
21
Corpay
CPAY
$24.1B
| $2.13M | 1.81% |
7,400
-18,564
| -71% | -$5.47M |
|
22
WIX.com
WIX
$2.23B
| $1.14M | 0.97% |
9,300
-56,109
| -86% | -$6.87M |
|
23
Yum! Brands
YUM
$40.6B
| $1.13M | 0.96% |
11,200
-13,300
| -54% | -$1.38M |
|
|
24
Costco
COST
$415B
| $558K | 0.47% |
+1,900
| New | +$565K |
|
25
Advanced Micro Devices
AMD
$821B
| – | – |
-249,900
| Closed | -$7.25M |
|
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White Elm Capital's Q4 2019 Portfolio in Review
As of Q4 2019, White Elm Capital held 32 positions worth $118M, down 70% from $387M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
White Elm Capital withdrew a net $290M in Q4 2019, closing 8 positions and reducing 21 holdings. Its most notable exit was Palo Alto Networks, an estimated $14.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 37% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, White Elm Capital opened a new position in Costco worth $558K.
- White Elm Capital's largest Q4 2019 buy was Costco: 1,900 shares worth $558K.
- White Elm Capital added most to CoStar Group in Q4 2019, an estimated $1.2M increase.
- White Elm Capital's biggest Q4 2019 reduction was TransDigm Group, cutting an estimated $18.8M.
- White Elm Capital fully exited Palo Alto Networks in Q4 2019, selling an estimated $14.4M.
- White Elm Capital's ten largest holdings make up 61% of its $118M portfolio in Q4 2019.
- White Elm Capital opened 1 new position and closed 8 in Q4 2019.
- White Elm Capital's portfolio value fell 70% quarter-over-quarter to $118M.
Based on White Elm Capital's 13F filing for Q4 2019, filed 14 Feb 2020.